Digital Capital Markets Taxonomy

The Digital Capital Markets Taxonomy provides a structured classification of the emerging ecosystem of tokenized financial markets.

Developed by the DCM Core Institute, this framework organizes the key components of digital capital markets, from tokenized financial assets and smart contract instruments to next-generation market infrastructures and programmable financial systems.

This conceptual framework aims to offer a coherent and institutional reading of the ongoing transformations in financial markets in the era of tokenization and programmable finance.